IRB Infrastructure Developers has completed the acquisition of three highway assets from IRB Infrastructure Trust for ₹8,436 Crs. With this acquisition, the IRB InvIT Fund now has 9 revenue-generating highway projects. The unlocked capital enables IRB to pursue opportunities worth over ₹15,000 Crores. Marquee global and domestic investors supported the deal by infusing ₹4,250Crs in IRB InvIT Fund.
Highway Asset Acquisition Completed
IRB Infrastructure Developers Limited announced the successful completion of the acquisition of three highway assets by its Sponsored IRB InvIT Fund, from the IRB Infrastructure Trust. The enterprise value of these assets is ₹8,436Crs. The announcement was made on November 6, 2025.
Key Highlights of the Acquisition
Here’s a breakdown of the key aspects of this deal:
- The acquired assets were transferred from IRB Infrastructure Trust’s project portfolio.
- Marquee global and domestic investors supported the acquisition by infusing ₹4,250Crs into IRB InvIT Fund.
- With the transfer, IRB InvIT Fund extends its footprint to Uttar Pradesh and Haryana.
- IRB InvIT Fund’s portfolio now includes 9 revenue-generating highway projects, with an enterprise value of approximately ₹16,000Crs.
- The weighted average life of concession for the assets has increased from 14 years to 17 years.
Management Commentary
Mr. Virendra D. Mhaiskar, Chairman & Managing Director, stated that the acquisition marks a significant value enhancement for all stakeholders of the IRB Group. He added that the unlocked capital of ₹4,905Crs will enable the company to pursue opportunities worth over ₹15,000 Crores. He also highlighted the strong investor response as a testament to the trust and credibility built by IRB Group over the past three decades.
Assets Transferred
The three highway assets transferred from IRB Infrastructure Trust are:
- Hapur Moradabad NH-9 (Uttar Pradesh)
- Kaithal Rajasthan Border NH-152/65 (Haryana)
- Kishangarh Gulabpura NH-79A (Rajasthan)
Post-Acquisition Portfolio
Following the acquisition, the IRB InvIT Fund now holds a portfolio of 9 revenue-generating highway assets, comprising 8 BOT assets and 1 HAM asset. These assets span over 4,200 operational lane kilometers, with a total enterprise value exceeding ₹16,000Crs. The weighted average concession life of these assets is approximately 17 years.
Source: BSE
